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Originally Posted by selena
If you are self employed, odds are that you qualify for an SEP IRA, which allows you to invest larger percentage of your pre-tax dollars than a Roth does. That amount is 25% of my income for this year, according to the good folks at T Rowe Price.  |
There are a number of ways to plan for retirement as a self-employed person, and it's always a good idea to look into as many of them as you are eligible for - there are SEPs, SIMPLEs, Keoghs, the ubiquitous 401(k), Roth, and traditional IRAs... and each has benefits and drawbacks. Work with a certified financial planner - it's worth it to invest in someone with those letters behind their name - to establish a game plan that encompasses your business and your personal future.